Binny Bansal-Backed 021 Capital Backs Legaltech Startup SpotDraft In $1.5 Mn Funding

Binny Bansal-Backed 021 Capital Backs Legaltech Startup SpotDraft In $1.5 Mn Funding

SUMMARY

The funding round is led by Binny Bansal-backed 021 Capital

Company plans to expand sales in Southeast Asia, US and Europe

SpotDraft’s average revenue per customer is around $100K per year

Gurugram-based legaltech startup, SpotDraft, has announced $1.5 Mn (approx INR 11 Cr.) pre-Series A funding round led by Binny Bansal-backed 021 Capital. Other investors who participated in the round are Freshworks cofounder, Girish Mathrubootham; Karanpal Singh, founder, Hunch Ventures; Chargbee’s chief of growth, Indus Khaitan; Peeyush Ranjan, VP engineering of Google Inc. and Singapore Angel Network.

SpotDraft will use this fund to expand its global footprint with a focus on both large as well as small and medium size enterprises. “We are aggressively selling in Southeast Asia followed by US and Europe. These are the three locations where we are expanding.”, SpotDraft’s cofounder and CEO, Shashank Bijapur, told Inc42.

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